The ocean freight invoicing and payment process remains firmly rooted in a bygone era. Transactions are still overwhelmingly reliant on paper invoices and mailed checks, which can result in expensive inefficiencies, high dispute rates, and slow payment. What’s more, there’s little in the way of standardization across the two dozen or so major ocean carriers, meaning shippers and their intermediaries have to account for different formats with each of their lines.

This 60-minute interactive discussion will look at efforts to increase usage of e-invoicing in the ocean freight market, how standardization of the industry might help, and what billers and payers should know going forward.

Key discussion areas will include:

Why adoption of electronic invoicing and payment in the ocean freight market has lagged other modes